Print View

[Section Index]

The Chittagong Development Authority Ordinance, 1959 (East Pakistan Ordinance)

( Ordinance NO. LI OF 1959 )

Chapter V

FINANCE

Chittagong Development Fund
44. (1) There shall be a fund to be known as the “Chittagong Development Authority Fund” (hereinafter referred to as the Fund) vested in the Authority which shall be utilised by the Authority to meet charges in connection with its functions under this Ordinance including the payment of salaries and other remuneration to the Chairman, Members and Officers and of the other employees of the Authority.
 
 
 
 
(2) The said Fund shall consist of-
 
 
 
 
(a) contribution of the Corporation under section 45;
 
 
 
 
(b) grant made by Government;
 
 
 
 
(c) loans obtained from Government;
 
 
 
 
(d) loans obtained by the Authority with special or general sanction of the Government under section 46;
 
 
(e) foreign aid and loan obtained from the Development Loan Fund, with the sanction of, and on such terms and condition as may be approved by Government; and
 
 
 
 
(f) proceeds of the betterment fee levied under section 77; water rate, conservancy rate or any other rate levied by the Authority under the provisions of this Ordinance, with the sanction of the Government;
 
 
 
 
(g) all other sums received by the Authority.

Copyright © 2019, Legislative and Parliamentary Affairs Division
Ministry of Law, Justice and Parliamentary Affairs